Tribute to the victims of
terrorist attacks worldwide
Comments: 9052

Brexit Shock*

If a British referendum on European Union membership scheduled for 23 June led the UK to leave the EU, there would be a severe negative shock to the economy, causing growth to weaken for many years,  an OECD study argues.

OECD Secretary-General Angel Gurría put it bluntly in a speech to the London School of Economics on Wednesday 27 April:  quitting the EU would be a pure dead-weight loss, with no economic benefit, but rather imposing a Brexit tax on generations to come. You can hear the podcast here. Indeed, while EU membership has contributed to British prosperity, current uncertainty about the outcome of the referendum has already started to undermine UK growth, writes Rafal Kierzenkowski, on the OECD Economics Department’s blog.

*OECD Observer

20 Responses to Brexit Shock*

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Copyright © 2018. All Rights Reserved.